It is alleged that the company floated 32 subsidiaries in several tax haven countries to bring foreign funds to India through sham transactions.
In response to the incident, NDTV issued a statement calling it "complete subversion of basic rights".
As per the last shareholding pattern available, Prannoy Roy held 15.94 percent in NDTV while Radhika Roy held 16.33 percent.
CBI sources told Moneycontrol that the agency has registered a case against Roy, his wife Radhika Roy, and a private company for allegedly causing a Rs 48 crore loss to a bank.
The Information and Broadcasting Ministry has decided to "put on hold" the order to impose a one day ban on the Hindi channel NDTV India, after the broadcaster requested that the decision be reviewed.
Smartcooky's other investors include Rajan Anandan (Vice President and MD of Google South East Asia and India) and Pramod Bhasin(Former President and CEO of Genpact), among others.